Dynamic Aspects of Family Transfers

The model in this paper is based on that in an earlier unpublished working paper "Testing Parental Altruism: Implications of a Dynamic Model", NBER working paper 7593. I am grateful to Steven Haider and to many seminar participants for their helpful comments and to Michael Hurd and Janet Currie for their help with the earlier version. Research support from the NIH is gratefully acknowledged. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.